Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

CHFJPY downside capped by trend line support, jump till 111.35 likely

Major trend line support - 110.35

 

CHFJPY has halted its 3 day of loosing streak and lost more than 150 pips from temporary top 111.95. the decline was mainly due to strong yen on declining US bond yield. US 3 month yield has crossed 10 year for the first time since 2007. The pair hits low of 110.37 and jumped more than 50 pips on recovering USDJPY.

 

On the higher side near term resistance 110.95-111.05 (300- and 89 4H EMA) and any violation above will take the pair to next level till 111.37/111.95.

 

The near term support is at 110.36 low made on Friday and below that level confirms bearish continuation and a decline till 110/109.85/109.52.

 

It is good to buy on dips around 110.55-60 with SL around 110.36 for the TP of 111.35.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 18 23:30 UTC Released

JPCPI Less Food and Energy

Actual

101.5 Index

Forecast

Previous

101.4 Index

April 18 23:30 UTC Released

JPNationwide Core CPI YY

Actual

0.3 Percent

Forecast

Previous

0.3 Percent

January 31 00:00 UTC 637936637936m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 637936637936m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 649756649756m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 637936637936m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 649756649756m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 637936637936m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 637936637936m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 637936637936m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.